June 16, 2014
Through investment and innovation initiatives, cable has exerted a significant impact on Kentucky’s economy – creating much-needed jobs for Kentuckians. KY Cable member companies employ nearly 2,800 workers throughout the Commonwealth.
And with the ever-changing world of communications technology, employment opportunities continue to grow. One Ky Cable member, Time Warner Cable, has hired more than 150 Kentucky workers in the last four months alone.
Other direct and indirect jobs associated with the Cable industry in the Kentucky, including program suppliers, equipment vendors, and construction and sales contractors, account for close to 23,000 additional jobs. All helping to ensure Kentuckians have access to the broadband services needed to grow our economy.
Within the last four years cable’s capital expenditures in the U.S. have reached nearly $70 million. And employment in the cable industry has grown 73% since 2002. The combined investments and job growth has certainly had a profound impact in Kentucky – with cable’s economic impact totaling $3.4 billion annually.
Cable is the leader in broadband development in the Commonwealth. For most Kentucky households, cable companies provide the fastest broadband speeds, with standard cable broadband speeds ranging from 10 Mbps to 20 Mbps. Many homes in the Kentucky have access to speeds of 50 Mbps or greater.
Cable’s commitment to broadband investment and deployment has helped Kentucky lead the nation in Internet growth. The results are significant:
82% growth in internet adoption
49% growth in average Internet speed